Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Acquires 4,900 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director Charles Bracken purchased 4,900 shares of Liberty Latin America stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of $20.50 per share, with a total value of $100,450.00. Following the completion of the purchase, the director owned 18,867 shares in the company, valued at approximately $386,773.50. This trade represents a 35.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Liberty Latin America Price Performance

Shares of Liberty Latin America stock traded up $0.40 on Thursday, hitting $7.00. The company had a trading volume of 1,833,693 shares, compared to its average volume of 448,360. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $1.41 billion, a PE ratio of -2.82 and a beta of 0.74. The business has a 50-day simple moving average of $7.64 and a 200-day simple moving average of $7.78.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%. Research analysts expect that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.00.

Institutional Trading of Liberty Latin America

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC bought a new stake in Liberty Latin America during the first quarter worth approximately $104,000. Empowered Funds LLC increased its holdings in shares of Liberty Latin America by 7.3% in the first quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock valued at $1,359,000 after buying an additional 14,547 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Liberty Latin America by 230.6% during the 1st quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock valued at $314,000 after acquiring an additional 34,640 shares during the last quarter. Strs Ohio acquired a new stake in shares of Liberty Latin America during the 1st quarter valued at $34,000. Finally, Geode Capital Management LLC boosted its stake in shares of Liberty Latin America by 12.2% during the 2nd quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock worth $4,042,000 after acquiring an additional 71,873 shares in the last quarter. 18.48% of the stock is currently owned by institutional investors.

Liberty Latin America Company Profile

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.